The International Monetary Fund yesterday evening approved another massive payment to Ukraine, Bloomberg News reports:
The International Monetary Fund approved a $17.5 billion loan program for Ukraine, including an immediate $5 billion disbursement, to help the former Soviet republic stave off default amid a conflict with pro-Russia rebels. […]
The financing offers a lifeline to an economy that the government expects to shrink as much as 11.9 percent this year, as the conflict in the eastern part of the country hobbles its industrial capacity. The program, which replaces a two-year loan from last April, also marks a deepening of the IMF’s involvement …read more
Source: The American Interest
